PostFinance, the fifth-largest financial services provider in Switzerland, has announced a partnership with Sygnum Bank, the world’s first digital asset bank, to provide its 2.5 million users with a variety of regulated cryptocurrency services via Sygnum’s B2B banking platform.
Through this partnership, PostFinance customers will be able to buy, hold, and trade popular cryptocurrencies like Bitcoin and Ethereum.
Postfinance is able to quickly integrate digital services into its current systems to increase the flexibility and effectiveness of access to a wide variety of cryptocurrencies thanks to Sygnum’s fully regulated crypto banking structure. The B2B network will also roll out new services, like staking to continuously spend money.
PostFinance started by researching the demands of its users and the growing market for cryptocurrency services. As a result, the Swiss government-owned bank made the move after stating that “our customers want access to this market at PostFinance, their trusted principal bank,” according to Philipp Merkt, the bank’s chief investment officer.
Ahead of PostFinance’s integration and offering of crypto services, the Swiss Post revealed its upcoming Crypto Stamp 3.0, the latest version of digital stamp tangible and NFTs combined with AI technology.
The Chief business-to-business officer of Sygnum Bank, Fritz Jost, emphasized that “Our all-in-one B2B banking platform enables our fifteen-plus B2B partner banks to expand their range of regulated digital asset services at scale and speed.”
Compiled by Coinbold